I would make below 6800 my stop loss. After that, it'll be a free fall
arindam2103
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@Galvin, thats correct bro. it needs to hold above 6900.
OffTheChainCrypto99
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I noticed the same thing, I always get a bit paranoid when placing a position that goes against the current trend, Usually, I wait for a confirmation on the reversal but this seems pretty solid (also I would love to see xrp do another nice pump lol) The next support area we have seen was the .00006860 range (sept 18th) . I was planning on changing my short to a long around this area initially, had the RSI continued to follow the downward trend, but I think now is a good time to jump in, and if the price continues downward to the .000068 level I will just add to my position at that level. Thanks for reinforcing my suspicions, fingers crossed!
arindam2103
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@danny_k88, good bro. keep an eye.
OffTheChainCrypto99
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@danny_k88, Boom there is a nice little dump. I'm holding off to see what happens at 6800 to see if the level holds. either way, a major move will be happening around that realm. I'm hoping at 6800 it goes up from there! Stop loss is my best friend at this point haha